401 Monroe AveBuckeye, AZ 85326

Property Details for 401 Monroe Ave

Year built

1914

Construction

CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

7,976 SF

Zone code

CC

Property type

Office buildings

APN

400-26-024B

APU

40026024B

Description

This exceptional commercial property, located at 401 E Monroe Ave in Buckeye, Arizona, presents a unique investment opportunity. Boasting 11,754 square feet, this two-story building, constructed in 1914, sits on a parcel with APN 400-26-024B and is zoned CC by the City of Buckeye. Its prominent corner location at the intersection of Fourth Street and Monroe Avenue offers unparalleled visibility and accessibility within the thriving Buckeye community. The property's rich history includes previous uses as a Pay Less Market and a hotel, serving as a central hub for the town's agricultural past. This landmark building offers a blank canvas for a modern retail venture, allowing a buyer to capitalize on its historical significance and prime location. The substantial square footage provides ample space for a variety of retail concepts, while the building's character and location offer a unique opportunity to create a memorable and successful business. The asking price is $1,100,000. This is a chance to own a piece of Buckeye's heritage and contribute to its continued growth. The property's strategic location and substantial size make it an ideal investment for entrepreneurs seeking a high-impact retail space in a rapidly expanding market. Don't miss this chance to acquire a truly remarkable property in the heart of Buckeye, Arizona.

• CAP approach

  CAP return

  Valuation

  6%

  $1,910,881

  6.5%

  $1,763,890

  7%

  $1,637,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,229,500

  Geo Method

  $1,229,500

• Alternative Use

  Use

  Valuation

  Residential Income

  $2,187,224

  Hospitality / Lodging

  $2,003,486

  Institutional / Educational

  $1,666,876

  Healthcare / Senior Housing

  $1,724,203

  Retail / Commercial

  $2,592,919

Location Insight

City

Buckeye

County

Maricopa

State

Arizona

Latitude

33.3703

Longitude

-112.586

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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